Total fraud and scam
I entered into a partnership program with Gulf Coast Western in June 2011, this partnership include two wells, the first turned out to be a dry hole despite the geological studies indicating it had high potential. But my real complaint is when entering into the program, the expectation the company set was that cash would begin flowing back to me in third quarter last year, worst case, fourth quarter last year. As of this date, 2/5/2012, they have not even started drilling the second well, and won't for weeks to come, having heard that before, I am sceptical. I do not view GCW as a fraud at this time, I just view them providing optimistic projections, and dates which they have failed to meet. They need to clean up their act. Depending upon the outcome of the second well, I may change my mind, and consider them both dishonest, and a fraud.
